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Conveyancing Solicitors Bulwell

Over the years, most people have lost their homes and money to scams. Even though hiring conveyancy solicitors in Bulwell might prove to be an added cost, it is a move that will see you ensure that you deal with the right people and in the process, you get that home and sell your home successfully.

Conveyancing process for buying a house

Step 1 – Initial instructions from you (start)

To kick off the process, we will need you to get in contact with us. We will schedule a meeting and you will be required to fill out the initial paperwork and provide us with your form of identity. In case you have any searches in mind that you would like to be conducted, you can send us the funds to facilitate that.

Step 2 – Receive draft contract

The seller’s solicitors will send us the draft contract. This will include property forms and official copies of the property. Other documents relevant to the transaction might also be included. This step might take some time since we need to go through the paperwork thoroughly.

Step 3 – Searches and investigation of title

We will investigate the title and other documents enclosed in the draft contract. If we have any questions, we will address them to the seller’s solicitors for answers. In this step, we will also conduct the searches if you had requested any.

Step 4 – Report

Once we receive the results of the searches and all the answers to our queries we will prepare a report and have it sent to you. It will include the mortgage offer and since we handle the finances as well, it will also include a completion statement indicating the amount you’re meant to pay.

Step 5 – Signing

If you find all the paperwork to be in order, we will arrange for the signing of the contract during which all of you will decide on the completion date of the transaction. After this, you will transfer the agreed deposit to us to allow us prepare for the next step.

Step 6 – Exchange of contracts

This is the step that makes the entire transaction and the completion date legally binding. Your lender will also pay the request for your mortgage lender. It is important that you ensure that any monies owed to us are cleared at least one working day before the completion date.

Step 7 – Completion of Conveyancing process

The last step is pretty simple. The full purchase price of the house is transferred to the seller’s solicitor and the seller leaves the key with the estate agent. After the funds are received, the key is released to you.

Conveyancing process for selling a house

Step 1 – Initial instructions from you (start)

Selling a house requires even more help from conveyancing solicitors in Bulwell. The process is somewhat different and is triggered by you contacting us. We will discuss about the sale and the property and take notes on all the details. With these we can start the process. We will ask you to fill out the initial paperwork and the protocol forms to shed more light on the property. If there are any office copy entries we will ask you to send us the funds.

Step 2 – Contact with your mortgage lender

To get the current title deeds to the property, we will need to get in touch with your mortgage lender. We will also request for a statement to identify how much you’re yet to pay.

Step 3 – Obtain documents from the Land Registry

It is essential that we obtain up to date copies of the electronic deeds from the Land Registry. This will cost you £12.00.

Step 4 – Preparation of draft contract

Using the documents and the information that you have provided, we will prepare a draft contract and send it to the buyer’s conveyancing solicitors in Bulwell. We will include all relevant documents include the electronic deeds. It might take some time for the buyer’s solicitors to comb through all the paperwork.

Step 5 – Enquiries raised by buyer’s solicitor

The buyer’s solicitor has the right to ask questions and seek clarifications on any queries arising. Typically, they will direct those questions to us and we can forward them to you for answers.

Step 6 – Agree on a completion date

If all the answers are satisfactory, the draft contract will be signed by both parties. You will also agree on a completion date. The buyer will then send the agreed deposit of the property to the solicitor to allow us organise the exchange of the contracts.

Step 7 – Exchange of contracts

Once the contracts exchange hands, the completion date and the entire transaction become legally binding. The buyer’s solicitor then forwards us the deposit and we send a request to your sender for a final redemption statement.

Step 8 – Conveyancing process for selling a house (finish)

On the much anticipated ‘moving day’ the transaction is completed. We will receive the full balance of the purchase price of the property and ask you to leave the keys to the property with the estate agent. Once we receive the funds, they will be released to the new owner. We will use the money to clear any outstanding fees accrued during the process and also offset the remainder of the mortgage. The balance is then sent to you.

Kick start the conveyancing process and get a quick, instant conveyancing quote today: CLICK HERE

We have dedicated team members who cover Loughborough, Stockport, Syston, Lutterworth, Hinckley, Carlton, Hucknall,  Market Harborough, Beeston, Bulwell, Buxton, Leicester, Derby, Oadby, Lewisham

Other topics related to the conveyancing process:

Click on the links below to find out more about:

Buying a house

Selling a house

Right to buy

Unregistered properties

First-time buyer

Leasehold property or freehold property?

Shared ownership

New builds

Buy to let

Remortgaging

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Conveyancing Solicitors Bulwell

Why should you use us?

Edward Hands and Lewis have been in business for well over 100 years and we understand our client's needs. Here are a few reasons why you should use us.
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